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Theme Park Supplier's News of the Week #12 Bolliger Mabillard, MAURER Rides, ETF Ride Systems, Lo-...
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Investindustrial becomes the sole shareholder of

PortAventura and will invest €75 million in 5 years

Update : 20:39 Published by François Mayné the 27 November 2012, Corporate.
Criteria CaixaHolding, a subsidiary of the Spanish bank La Caixa, has reached an agreement with the Italian investment company Investindustrial for the sale of its 50% shareholding in PortAventura (Salou, Spain) for an amount of €105 million (approx $136 million).


Already in the capital of PortAventura amounting to 50% since December 2009, Investindustrial is now the sole shareholder of the Resort - which it was already the operator - that includes the theme park, the water park, 4 hotels (PortAventura Hotel, Caribe Resort, Gold River Hotel and El Paso Hotel) and the convention center. On the other hand, Criteria CaixaHolding retains 100% of the shares of another company which owns, among many assets, several lands for residential or commercial use, the golf course and the private beach (Beach Club).

This financial transaction is part of the strategy of La Caixa which had announced at the arrival of Investindustrial in 2009 that their goal was to let enter an industrial operator in order to stimulate the growth of PortAventura by investing. And indeed, the Italian group has invested in 3 years more than €80 million (approx $104 million) in many developments including the Gold River Hotel, the family themed area Sesamo Aventura and the roller coaster Shambhala.


As a result, the financial situation of the Resort has improved with an increase in attendance (3.7 million visitors in 2011, +16% compared to 2010) and an EBITDA of 57 million euros, up 100% compared to 2009. "Our goal is to reinvest about €75 million for the next 5 years," said a spokesman for Investindustrial. "We want to be recognized as a world-class destination and entertainment leader in Europe while increasing the proportion of foreign visitors to 40% against 30% today. Despite the gloomy economic situation in Spain, we believe that investing in PortAventura is really very interesting."

In a statement, a spokesman of Criteria CaixaHolding said: "Investindustrial has been a strong partner with an excellent reputation and experience in the industry which helped stimulate the growth of PortAventura. This operation ensures the continuity of the development of the Resprt which will benefit to both visitors, employees and the region."

Investindustrial, a property of the Bonomi Family, is one of the largest investment companies in the world with a portfolio valued at €3 billion. It also owns the Gardaland amusement park located in Castelnuevo Garda, Italy. For more information, please visit www.investindustrial.com
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Hong Kong Disneyland Resort
(7 articles found)

Disney to introduce first major Marvel attraction at Hong Kong Disneyland in 2016 read more

When The Walt Disney Company acquired Marvel Entertainment in 2009, its intention was to strengthen its position as a leading global provider...

NEW | Hong Kong Disneyland Resort - Published on October 13, 2013
Disney's theme parks and resorts sign strong financial results with revenues up 7% in Q3 2013 read more

The theme parks and resorts of The Walt Disney Company (TWDC) have once again achieved excellent financial performance in the third quarter of...

CORPORATE | Hong Kong Disneyland Resort - Published on August 11, 2013
Growing quarterly results for theme parks and resorts of The Walt Disney Company read more

The Walt Disney Company (TWDC) published earlier this month its financial results for the first quarter of fiscal year 2013 ended December 31,...

CORPORATE | Hong Kong Disneyland Resort - Published on February 17, 2013
Disney reports revenue of theme parks and resorts up 10% to $12.9 billion for FY 2012 read more

The Walt Disney Company reported that the revenue of its business segment of theme parks and resorts increased 10% to $12.9 billion (approx €9.97 b...

CORPORATE | Hong Kong Disneyland Resort - Published on November 29, 2012
Increase in profits for the theme parks and resorts of The Walt Disney Company in first half 2012 read more

TWDC announced earlier this week the earnings for its second fiscal quarter and six months ended March 31, 2012. The Group reported global revenues...

CORPORATE | Hong Kong Disneyland Resort - Published on May 11, 2012
The Walt Disney Company's Parks and Resorts revenues increased 10% for Q1 of FY12 read more

The Walt Disney Company reported yesterday earnings for its first fiscal quarter ended December 31, 2011. Diluted earnings per share (EPS) ...

CORPORATE | Hong Kong Disneyland Resort - Published on February 8, 2012
Fright tactics cranked up at Ocean Park read more

Ocean Park has some hair-raising figures - and they're meant to frighten Disneyland. It says its visitor numbers shot up 20 percent to 6.5 million between October 1 last year and September 30. It used that time frame - ...

PRESS REVIEW | Hong Kong Disneyland Resort - Published on October 3, 2011
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